Global Wet Electric Shavers Market Overview:
A wet shaver facilitates the use of gel or shaving cream to trim the beard. The gel or cream is mainly used to lubricate and protect the skin. Using a wet shaver reduces the likelihood of skin irritation, razor bumps, and razor burn. Wet shaving exfoliates skin and gives a closer shave. All these factors make a wet shaver an ideal choice for men with sensitive skin. This type of electric shaver is either battery-powered or is connected to the mains power supply using a cord. The market for grooming products for men has grown at a fast pace owing to increased spending of consumers and the rise of supermarkets and e-commerce businesses. The market is further driven due to rising concerns among millennials regarding physical appearance. The Asia Pacific is the largest market for personal care products. Europe and the United States are the major distributors of personal care active ingredients.
Growth Drivers
- Increased Preference for Personal Care and Grooming Among Men
- Rising Demand Owing to Fast-Paced Lifestyle of Millennials
Roadblocks
- Availability of Substitutes Such As Electric Trimmers
Opportunities
- Availability of Numerous Distribution Channels
Challenges
- High Competition Creating Pressure to Cut Prices
Competitive Landscape:
Some of the key players profiled in the report are Procter & Gamble (United States), Braun (De'Longhi) (Italy), Panasonic (Japan), Philips (Netherlands), Spectrum Brands (United States), Wahl Clipper (United States), Havells (India), Syska (India), Vivitar (United States) and Andis Company (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Wet Electric Shavers market by 2026. Considering Market by Distribution Channels, the sub-segment i.e. Online will boost the Wet Electric Shavers market. Considering Market by Power Supply, the sub-segment i.e. Plug-In Charged will boost the Wet Electric Shavers market.
Latest Market Insights:
In December 2018, Procter & Gamble (P&G) has purchased Walker & Company Brands, maker of Bevel men’s grooming products and Form beauty products. For P&G, Bevel adds a line of razors and shaving products meant to eliminate skin problems like razor bumps that disproportionally impact men. (P&G) has acquired the start-up aiming to build the Procter & Gamble for people of color.
In July 2019, Panasonic launched its “best and fastest” electric shavers to date to the Australian market. The ES-LV6Q and ES-LV9Q feature a five-blade cutting system, a new five-direction shaver head and an optimized shaving sensor to detect beard density. Both shaver models can be used wet or dry and come with a pop-up trimmer for quick pre-shave cutting or detailed grooming. According to Panasonic, both models are the fastest electric shavers it has ever created, based on 70,000 cross-cutting actions per minute.
What Can be Explored with the Wet Electric Shavers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Wet Electric Shavers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Wet Electric Shavers
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wet Electric Shavers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wet Electric Shavers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Wet Electric Shavers Manufacturer, Wet Electric Shavers Distributor & Supplier, Wet Electric Shavers End-User, Wet Electric Shavers Raw Material Supplier, Downstream Vendors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.